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176 Employees

  • Third-party revenues


  • Related-party revenues


  • Total revenues


  • Profit before tax


  • Tax paid


  • Tax accrued


  • Tangible assets


  • Stated capital


  • Accumulated earnings


Main business activities

  • Upstream
  • Trading and Supply
  • Support activities

Shell’s footprint

Shell has been present in Argentina since 1914. Shell performs upstream activities in the Neuquén basin, where it operates four blocks and participates in three blocks operated by other companies. Shell also has an interest in a block in the province of Salta. Additionally, Shell Argentina S.A. has exploration activities in three offshore blocks in the Cuenca Argentina Norte basin (South Atlantic): two are joint ventures with Qatar Petroleum, operated by Shell Argentina S.A., and a third is with Equinor and YPF, the National Oil Company of Argentina. In 2018, Shell sold its Argentinian downstream business to the Raízen Group, which is a joint venture between Shell and the Brazilian company Cosan. The Shell brand continues to be present in the country through a brand licence agreement with Raízen.

Country financial analysis

The statutory corporate income tax rate in Argentina is 35%. Shell’s upstream activities reported losses because of exploration and development costs incurred mainly in the Neuquén basin. The tax paid figure is related to social security payments.

Corporate income tax
This is a direct tax imposed on companies’ profits. It is sometimes levied at a national level but can also be levied on a state or local basis.
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Throughout this report, “country” is used as the primary descriptor for a geographical area because that is the word used by the OECD/G20 Base Erosion and Profit Shifting (BEPS) project in their proposal for country-by-country reporting (CbCR). This is one of the four minimum reporting standards to which over 100 countries have committed, covering the tax residence jurisdictions of nearly all large multinational enterprises (MNEs). In this report “country” may also refer to locations, jurisdictions or territories which have their own tax regimes or discrete rules.
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